Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$272,115$272,115$324,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$51,885$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.591%7.560%
1st payment$1,279.20$1,279.20$2,225.66
2nd payment$0.00$389.14$0.00
Taxes / mo$370.42$370.42$370.42
Insurance / mo$150.00$150.00$150.00
MI / mo$217.69$217.69$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,017.31$2,406.45$2,810.87
Cash to close$87,885$36,000$36,000